7 day switching for energy, broadband, and more?
New plans are being considered by the government, which will allow consumers to switch to better deals in seven days.
This includes an number of services, such as energy tariffs, mobile networks, broadband companies, mortgages, and more. This is a proposal that falls under the Digital Economy Bill.
This is all designed to make our utilities and such, up their game and offer everyone a better service. The idea is that, the easier and quicker it is for us to switch, the better the companies will have to treat us.
Of course, there's a number of banks who already do 7-day-switching, but for other businesses, it can take much, much longer. For example, if you want to switch mortgage lenders, that can take up to two months.
Business Secretary Sajid Javid said: "I want to give consumers more power over switching providers for the services they rely on to make sure they are getting the best deals."
"At the moment the time it takes to switch depends on which service you are switching."
"I want to hear what consumers and businesses think of making switching quicker and more consistent across all markets."
In addition to all this, the Digital Economy Bill also includes the idea that we should be able to look at broadband speeds for specific properties, when they're buying a house.